Has the Time Warner/EMI Group merger hit a snag? London’s ’Financial Times’ reported on Friday that there may be a
counter-offer by a consortium of three unnamed U.S. record companies. Some EMI shareholders are concerned with the
Warner deal, because European authorities have launched a four-month antitrust probe, worried that the amalgamated
company would have too much concentration of power, control the largest number of copyrights in the world and dominate
digital downloading.